Red Monday

UPDATED: S&P Continues downgrades...."Officials at Standard &Poor’s are downgrading the credit ratings of Fannie Mae and Freddie Mac and other agencies linked to long-term U.S. debt."

Gird your loins bitches.... Tel Aviv stocks fall 7 pct on US debt downgrade.......

The DOW.....

Stocks tumble after S&P downgrade of US .......

Nikkei slides over 2 percent on U.S. downgrade, Asian markets....... Dow Skids 600, Worst Day Since Credit Crisis..... TMS falls 25% as Wall Street tanks....